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sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to collect taxes and online do not. it's different from state-to-state and it's just been a real mess there but supreme court is not going to weigh in on this. i want to give you a quick peek at the markets. dow and the major markets all fell after the black friday results showed that consumers spent less than last year. gold stock fell as well. concerns about the fed withdrawing -- using a big pull-back in gold this year. the ten-year treasury climbed again. it means higher mortgage rates likely and higher rates for car loans and the like. kr
sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to...
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Dec 6, 2013
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of twenty thirteen as sunnis my new country produce fourth over one trillion in gear and the income tax payments were estimated three hundred and ninety nine thousand nine hundred and sixty nine beginning to get in addition to see these now witnessing the fermentation of the number of projects with the participation of international financial institutions so why not be in hd on top. we are great because often. i haven't posted pics the first part is that the phone speaking at the station was getting too full i could implement certain degree forms of cricket nation in total click on spectral stopped us until our austin and opted to pull on it to you to the tea cup a tea towel when he was known seems the beginning of the skiers to my new faction in the industry has become one of the most attractive sectors of the company for investors. referring to cause next intense chase scene chemical bill is and has announced that the cross inflows of foreign direct investment in the sector in the first half of twenty thirteen c to one point six billion us dollars which is five point two percent more
of twenty thirteen as sunnis my new country produce fourth over one trillion in gear and the income tax payments were estimated three hundred and ninety nine thousand nine hundred and sixty nine beginning to get in addition to see these now witnessing the fermentation of the number of projects with the participation of international financial institutions so why not be in hd on top. we are great because often. i haven't posted pics the first part is that the phone speaking at the station was...
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Dec 2, 2013
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frankly a lower flatter tax for americans is good. believe in appen to an earned income tax credit. that could accompany it. it's one way. we had the largest tax cut in the united states in the last budget. we -- we have earned income tax credits. refundable. it helps people. that's a reagan philosophy. help them both ways. so with carried interest. i haven't spent enough time it.nking about it should be on the table. at the end of the day, let's not up omething that gums venture capital that's creating the 24th century businesses. let's be careful about that. is a question about popularity. conservatism and populism and marrying those two things together. i'll keep going, to rick's dad, my dad, john's day. of people just think, wall 16,000 the dow over people losing, seeming every further and further behind. too big to fail, bigger to fail, bigger than before. there are a lot of conservatives with a small c out there that conservative populist talking about this issue, talking about breaking up banks. why are -- why do we keep to move bad behavior forward and rewarding bad behavior
frankly a lower flatter tax for americans is good. believe in appen to an earned income tax credit. that could accompany it. it's one way. we had the largest tax cut in the united states in the last budget. we -- we have earned income tax credits. refundable. it helps people. that's a reagan philosophy. help them both ways. so with carried interest. i haven't spent enough time it.nking about it should be on the table. at the end of the day, let's not up omething that gums venture capital that's...
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Dec 3, 2013
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." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a lower court ruling in new york. it ruled that websites like amazon and overstock must pay sales tax the same way in-state businesses do. the supreme court decision came on what appears to be the busiest online shopping day of the year, cyber monday. early indications are that online sales yesterday were up 17.5% from last year. mobile devices accounted for nearly a third of all online shopping. >>> stocks in asia finished mostly lower amid key reports in the u.s. hong kong's hang seng's lost 0.5%. tokyo's nikkei gained 0.5% to its highest close in six years thanks to a weekend yen. the dow jones lost 77 points
." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a...
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Dec 9, 2013
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good times didn't make a mean cocktail come back in nineteen ninety so the idea was to throw away the tax bucks home to see amy's all of the year on more technical nights i don't like a man and actually physically go out with their feet with their angst. is it absurd and violence that we're pretty much familiar with but haven't been eating being paying much attention to it so that the taxes we could steal people young professionals and the gentle pop and even with our liking of background to co opt the ban on cd in the sec night. this is you know certainly sounds very exciting but how does the in taiwan and reacted to such a program in her own. we picked three different don like the detectives events in taipei. once we brought them to wash and went on into the creative part. people usually go there to attend activities in second time above and to see and hear him one of them. most antique places you'll go shopping and go see a movie and then the sky when we bought them to the old part of taipei the west side of taipei where we had beautiful architectural building so we send them out in th
good times didn't make a mean cocktail come back in nineteen ninety so the idea was to throw away the tax bucks home to see amy's all of the year on more technical nights i don't like a man and actually physically go out with their feet with their angst. is it absurd and violence that we're pretty much familiar with but haven't been eating being paying much attention to it so that the taxes we could steal people young professionals and the gentle pop and even with our liking of background to co...
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Dec 10, 2013
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over to his family showed up with the tax. but none of it. i have been so worried. i've been waiting a long time for my baby to be checked another. i don't know what will happen when my tv crews up. so i'd like to stick to you can cut out leaves a childhood spent in uk. she has long been worried about the effects of giving. read on when the moon condemned next six months old. i feel safer. it might be the protector and younger teens. this new device is called the beatles. it measures the internal radiation level of an impact placed inside it. it's the only lady this time whatever the need for clarity. she will be one today marks the highest degree that is less than receiving. the new world. i know all the new city of tokyo. the sixteen back to balochistan. he says the main challenge was to make it as precise as possible. would that be even though the treaty. for children eating the same amount of radioactive season or as compared to the parents among the weighty decision making related to the bowling with much less be open to head to quantify. the theory that the am
over to his family showed up with the tax. but none of it. i have been so worried. i've been waiting a long time for my baby to be checked another. i don't know what will happen when my tv crews up. so i'd like to stick to you can cut out leaves a childhood spent in uk. she has long been worried about the effects of giving. read on when the moon condemned next six months old. i feel safer. it might be the protector and younger teens. this new device is called the beatles. it measures the...
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Dec 8, 2013
12/13
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is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation. >> how viable is that? anit is going to have to see extension. if you talk about the wages, it is probably the most important component they need to get on board. it is going to be really hard convincing the rest of the corporations that they should consider the projections. there's a economics theory of what inflation will produce. deflation is ending. biggest rise in winter bonuses. that is a big boost. these will start flowing to japanese consumers who absolutely are dependent. >> they're trying to wire this before the tax comes in. >
is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation....
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it wouldn't close corporate tax loopholes. it wouldn't fully replace sequester cuts. in essence it appears it would just avoid another debt crisis on capitol hill. >>> a rare trip to pakistan for chuck hagel. it is the first trip there for a pentagon chief in three years. his meetings with pakistan's prime minister over tensions with drone strikes and hopes to repair the relationship. he made a surprise visit to troops over the weekend and told them a possible budget deal could restore money to the military but notably he did not meet with president hamid karzai who ruffled feathers by refusing to sign a security deal. >>> a pod of wayward whales has risen. officials found 11 dead pilot whales in the florida keys sunday afternoon bringing the number of recovered character casts carcasses to 52. officials do not know the status of the remaining whales. >>> okay, a bizarre plane incident left one passenger with quite the surprise. tom wagner was on united flight from louisiana to california when he awoke to find the flight empty and the plane locked. >> i looked up at t
it wouldn't close corporate tax loopholes. it wouldn't fully replace sequester cuts. in essence it appears it would just avoid another debt crisis on capitol hill. >>> a rare trip to pakistan for chuck hagel. it is the first trip there for a pentagon chief in three years. his meetings with pakistan's prime minister over tensions with drone strikes and hopes to repair the relationship. he made a surprise visit to troops over the weekend and told them a possible budget deal could restore...
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Dec 10, 2013
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nokia said to be nearing a deal with india tax authorities. they are said to be willing to pay 300 million euros if they're willing to shift to microsoft. formula one teams will start to byrate under -- control 2015. the new rules will be approved by the end of june next year. low -- welcome "countdown." >> i feel pretty comfortable about the long-term outlook. the longer-term outlook is going to turn on these bigger questions, the business investment, what happens to productivity, what happens to be so-called supply-side of the economy. >> you can test that interview later today when "charlie rose" airs on bloomberg television. let's welcome the chief executive at hermes fund. >> how will investors cope with normalization? >> with difficulty. it is not clear that normalization will happen quickly. >> what governor carney is saying is that this applies to the fed as well. what -- interest rates will be lower than normal for longer than normal. their afraid to do it now because the recovery is not solid in their view. it is this question of how
nokia said to be nearing a deal with india tax authorities. they are said to be willing to pay 300 million euros if they're willing to shift to microsoft. formula one teams will start to byrate under -- control 2015. the new rules will be approved by the end of june next year. low -- welcome "countdown." >> i feel pretty comfortable about the long-term outlook. the longer-term outlook is going to turn on these bigger questions, the business investment, what happens to...
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involved as well well time here with the international let's start with italy where a rally to demolish tax cuts for small businesses turned violent hundreds of protesters blocked the main train station in. the hold stones of the regional government headquarters a police resorted to tear gas to disperse to demonstrate is similar protests also taking place in several of the cities including. the leader of egypt's muslim brotherhood mohamed badie remained defiant against charges of inciting violence as he appeared in court on monday that's made fresh clashes between the police and brotherhood supporters of the university a body is on trial alongside the ousted president mohamed morsi and other key brotherhood figures of a lot of them accused of inciting the murder of protesters during an uprising in. the u.s. is sending transport planes to aid french and african union troops in the central african republic on monday the peacekeepers started to disarm rival militias but were firefights with some still refusing to give up their arms. in the african union have deployed over six thousand soldiers
involved as well well time here with the international let's start with italy where a rally to demolish tax cuts for small businesses turned violent hundreds of protesters blocked the main train station in. the hold stones of the regional government headquarters a police resorted to tear gas to disperse to demonstrate is similar protests also taking place in several of the cities including. the leader of egypt's muslim brotherhood mohamed badie remained defiant against charges of inciting...
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Dec 3, 2013
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and you don't have to pay sales tax. you are saving a lot of money. >> there are other overhead costs that retailers save on that gives consumers costs. >> you don't see any major impacts on online shopping in the future. >> it remains to be seen, whether consumers flock to the bricks and mortar stores because of this issue. >> they say it's a fairness issue, they shouldn't be undermined by the online retailers who don't pay tax issues. tonnes of people, 140 million went shopping. i was not one, fortunately. sales down 2.9% from last year. >> not the outcome retailers hoped for. the holiday creep went into unprecedented territory, stores opening on thanksgiving. macy's for the first time in 155-year history opened on turkey day. it really didn't produce the sales that retailers hoped for. >> you wrote a column "how black fridayate thanksgiving and destroyed"", saying that by moving the sales into thanksgiving, not only did they roou join the holiday, but it didn't seem like sales went up. >> people showed up on thanksgiv
and you don't have to pay sales tax. you are saving a lot of money. >> there are other overhead costs that retailers save on that gives consumers costs. >> you don't see any major impacts on online shopping in the future. >> it remains to be seen, whether consumers flock to the bricks and mortar stores because of this issue. >> they say it's a fairness issue, they shouldn't be undermined by the online retailers who don't pay tax issues. tonnes of people, 140 million went...
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how corporate tax can allow companies to stay competitive in the global market. at the beginning of next year, the cabinet will approve the latest policies on the growth strategy. we will announce the timing of the execution and minister assigned to support these policies. >> right. up, we take- coming a look at thailand. the prime ministers calling for early elections and to resolving solomon. details coming up next. ♪ >> heading back to our top .tories these are live images coming to us from outside the government house in bangkok. again.o hear from you this is a change of tactics by yingluck. elections have not been won by the democrats since 1982. go ahead. well, obviously we're having some difficulty there. we will try to get to him for you. let's have a bit more of these images that are coming through from bangkok. there are protests from the opposition and anti-government protesters there. is a dissolution of the element. -- parliament. resigned. we could quickly look at what is going on i we will try to reestablish links with our correspondent. down.ang
how corporate tax can allow companies to stay competitive in the global market. at the beginning of next year, the cabinet will approve the latest policies on the growth strategy. we will announce the timing of the execution and minister assigned to support these policies. >> right. up, we take- coming a look at thailand. the prime ministers calling for early elections and to resolving solomon. details coming up next. ♪ >> heading back to our top .tories these are live images...
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Dec 6, 2013
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some lawmakers call it a tax. aftere trying to go federal, woulders, make them contribute more to their retirement plans. withdoesn't sit well democrats. democrats also hoping to extend emergency unemployment benefits. more time they want that part of the mix. republicans don't like that idea. they think the emergency benefits should be canceled at this it point. john boehner hasn't closed the door completely on the issue, but it's one of the stumbling blocks. and after the report, deirdre, sell.ld be a tougher >> what if there's no deal? what's plan b? both sides are saying we want to avoid anything we can to not have a government shutdown. john boehner has said that there would be at a minimum, by the lawmakers leave for the holidays on friday, at least a temporary spending measure that would kick this can down maybe march. nobody likes that idea, but it is better than the alternative. again, that's a shipdown -- shutdown threat hanging over the the newperiod into year. that's plan b at a minimum, but even that
some lawmakers call it a tax. aftere trying to go federal, woulders, make them contribute more to their retirement plans. withdoesn't sit well democrats. democrats also hoping to extend emergency unemployment benefits. more time they want that part of the mix. republicans don't like that idea. they think the emergency benefits should be canceled at this it point. john boehner hasn't closed the door completely on the issue, but it's one of the stumbling blocks. and after the report, deirdre,...
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not only considerably more expensive due to taxes and other issues. pushing $10 a gallon. how do you get people to drop money and how much is the price? >> great value in very affordable. your question is important. it is the same strategy that ford implemented in the united states during the worst of times it is it wanted to make sure that we invested in the product and had it available. so we are going to introduce over 25 new vehicles in europe over the next couple of years led by the mustang itself as well as contribute to the economic recovery. liz: let's go inside. we are on 48 street and sixth avenue. want you to get in the driver's seat. that is where he belongs. this is it. tell us about some of the newer features. cozy. >> this is the new mustang. and the inside is all around in aviation team. you can see the beautiful analog devices, the toggle switch is the set your right in your comfort level. everything is made to be absolutely hands on the wheel, eyes on the road. brushed aluminum, new material. but the neatest thing about this is it is all about you. you ca
not only considerably more expensive due to taxes and other issues. pushing $10 a gallon. how do you get people to drop money and how much is the price? >> great value in very affordable. your question is important. it is the same strategy that ford implemented in the united states during the worst of times it is it wanted to make sure that we invested in the product and had it available. so we are going to introduce over 25 new vehicles in europe over the next couple of years led by the...
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Dec 9, 2013
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they lay on the sales tax. that squelches consumption. what they need to do is become with theironsistent taxation policy and realtor reform instructional reforms in general. >> they are almost passing the buck on to japanese consumers. >> that has always been the issue. we hope that the consumer sort it out. i think they are on the right track. if the consumer is behind the policy is behind the government, you really want to get japan right. you do have some political will and national sense of purpose. it is a question of whether they will stop making the wrong decision. >> we have talked about japan, but there's a lot more to talk about come including china, thailand, and all the rest. stick around. we will talk about that. the, investors welcoming latest election results from india. we are live in mumbai when we returned. ♪ >> we are coming to the start of the trading day in india. we are 23 minutes away from that. results in india state elections. but get more from our correspondent. what do we know so far i guess? they are clearly
they lay on the sales tax. that squelches consumption. what they need to do is become with theironsistent taxation policy and realtor reform instructional reforms in general. >> they are almost passing the buck on to japanese consumers. >> that has always been the issue. we hope that the consumer sort it out. i think they are on the right track. if the consumer is behind the policy is behind the government, you really want to get japan right. you do have some political will and...
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in the banking industry in switzerland and people there don't see as helping people of aid or paying taxes they see as privacy the protection of assets and that's why there's been this reaction of why does washington feel the need to. sort of a peaceful coexistence between people and banks as opposed to now it is when the banks are just taking advantage of well indeed in switzerland it's very much like the relationship you have with your doctor the confidentiality and that's what they hold paramount to who they are and it's not just about the privacy as well we know they have highly skilled bankers as well as a swiss franc being such a strong a safe haven there's lots of reasons to bank his rights of all that but this is all pretty heavy stuff i should say but what gives washington right to go off its citizens by news which is pretty far outside the border a lot yet we're not the only person questioning that because that's what the swiss politicians or ask each other there's been real tension over the last week to come to this decision and it's to do with u.s. lawmakers having a almost agr
in the banking industry in switzerland and people there don't see as helping people of aid or paying taxes they see as privacy the protection of assets and that's why there's been this reaction of why does washington feel the need to. sort of a peaceful coexistence between people and banks as opposed to now it is when the banks are just taking advantage of well indeed in switzerland it's very much like the relationship you have with your doctor the confidentiality and that's what they hold...
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Dec 9, 2013
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is clamping down on offshore tax evasion. asked buts are being on regulars to participate in a program with american authorities. manus cranny's here at the latest on the story. is this the end of swiss banking secrecy as we know it? >> definitely a turning point. the french and the u.k. all depended on the whistleblower case. with the u.s. goes up in legal battering ram you can be pretty sure the rest will follow. wars on the cards as a department of justice saying listen, you can have a waiver, you can have an exemption, you have to sign up. the regulator and switzerland is saying get on board, get over yourselves. there are 300 banks enough to make the decision with the to join in on a voluntary program with the disclose information or indeed run the risk of quite significant fines and prosecution. >> that is a concern. if you don't sign up now voluntarily, further down the line they could have huge fines. be excluded from doing business in the usa. that is a critical part of the story. >> thank you, manus cranny. brazil's
is clamping down on offshore tax evasion. asked buts are being on regulars to participate in a program with american authorities. manus cranny's here at the latest on the story. is this the end of swiss banking secrecy as we know it? >> definitely a turning point. the french and the u.k. all depended on the whistleblower case. with the u.s. goes up in legal battering ram you can be pretty sure the rest will follow. wars on the cards as a department of justice saying listen, you can have a...
SFGTV: San Francisco Government Television
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Dec 7, 2013
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it could be extended sales tax as well, i believe, right, scott? so it does not have to be the new one. >> we have modeled out the extension, and what are the assessment and we have calibrated and to put on ranges here and because we are quite sure because we are looking at future values and revenue streams. but the plans will be, and that is the range, and the range of assumptions and in terms of total funding sources. >> okay. >> and the next page. >> a milestone payment, at the end of completion and that is analogous to a down payment and those funding sources were largely a local contributions from the ta and mtc and the golden gate bridge and some cal transfupds. there could be multiple payments halfway through or all of the final and this is the model and we followed the proceedings and the financial model. and the range for the funds for the short term cash infusions for 1.6 and 1.7 billion dollars, and these are critical to the p3 developer and you heard brian talk about the caring costs and you can imagine the caring cost if you are a p3 d
it could be extended sales tax as well, i believe, right, scott? so it does not have to be the new one. >> we have modeled out the extension, and what are the assessment and we have calibrated and to put on ranges here and because we are quite sure because we are looking at future values and revenue streams. but the plans will be, and that is the range, and the range of assumptions and in terms of total funding sources. >> okay. >> and the next page. >> a milestone...
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your last year's tax return. if you didn't have one, information about payroll, pay stubs, et cetera. >> and gather all this information before you go to healthcare.gov. >> yes. because you're going to need it to complete the application. the other wonderful piece of news that came out yesterday that no one seemed to notice is that for the very first time healthcare.gov has a shopping function, a browsing function. something it should have had from day one but it's now there and working. when you go on the home page, there's a little -- >> the little -- >> the little medallion on left, click on that, and you can enter some very simple information about yourself and see all of the plans available to you. >> without putting financial data, stuff in you may not want to. >> no financial data. it won't calculate whether or not you have a subsidy coming to you, but it will show you the plans available to you in your area with the premium for a person your age. you can even looking at the provider networks and drug list
your last year's tax return. if you didn't have one, information about payroll, pay stubs, et cetera. >> and gather all this information before you go to healthcare.gov. >> yes. because you're going to need it to complete the application. the other wonderful piece of news that came out yesterday that no one seemed to notice is that for the very first time healthcare.gov has a shopping function, a browsing function. something it should have had from day one but it's now there and...
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Dec 7, 2013
12/13
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we used to call each other and share ideas on tax reform, on education reform. on getting things done. we love the environment on you can actually achieve results. that's the great thing of being a governor. i look at so many of the members of the utah state legislature who are here. and with each one of them, i can tell you stories about how we were able to get things done and the can-do attitude. it was remarkable. joe then went on to the senate and became terribly frustrated with the culture that existed on capitol hill, something that evan knows a lot about. i went on to china to become our senior diplomat running the embassy there. and we kind of regrouped a little bit later when joe and nancy jacobson, who was the power behind no labels initially came and said would you like to become part of the o labels movement. what on earth is no labels? is it a third party effort to kind of ship wreck the republicans and the democrats. is it a bunch of mushy moderates to get together to take over the world? none of the above. come to find that it is a group that resp
we used to call each other and share ideas on tax reform, on education reform. on getting things done. we love the environment on you can actually achieve results. that's the great thing of being a governor. i look at so many of the members of the utah state legislature who are here. and with each one of them, i can tell you stories about how we were able to get things done and the can-do attitude. it was remarkable. joe then went on to the senate and became terribly frustrated with the culture...
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other states might start taxing internet sales. amazon currently collects sales taxes for new york and 15 other states. >> you celebrated thanksgiving, shopped on black friday and went wild on line on cyber monday. charities hope you will commemorate giving tuesday, a a campaign to start a national day in giving and celebration of charitable activities. >> giving tuesday is global. together, we are creating a conversation about how each of us gives back. this tuesday, december 3, lead by example, and the world will follow. >> joining us to explain this movement is vice president of communications with the united nations foundation. he's in washington this morning. thanks for being with us and good morning. what exactly is giving tuesday? >> giving tuesday is a probably movement, a chance for people everywhere around the world to celebrate how they give back and for us to restart the giving season. as you said, we've got days for getting deals. we've been talking a lot about shopping. people in the united states of america and aroun
other states might start taxing internet sales. amazon currently collects sales taxes for new york and 15 other states. >> you celebrated thanksgiving, shopped on black friday and went wild on line on cyber monday. charities hope you will commemorate giving tuesday, a a campaign to start a national day in giving and celebration of charitable activities. >> giving tuesday is global. together, we are creating a conversation about how each of us gives back. this tuesday, december 3,...
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the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit you hard by april 15 the next year. most people are flying under the radar, they don't know and they're going to be in for a rude awakening. he won a lot of people are running their taxes ahead of time, trying to figure out what this is going to be. and what we are hearing is that more and more people are going to be paying 50% of their income or more in taxes and i means one out of every $2 to the tax man? >> it easily can get into that kind of range. so you have a couple weeks left in the year, a couple of moves and is not enough, think positively and take a little t
the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit...
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clamping down on tax evasion. toss banks are being asked voluntary have a disclosure program with the u.s. department of justice. manus cranny is here. will be the end of swiss banks? >> we have a turning point. from told thousand seven, the u.s. -- from 2007, the u.s. has pursued tax evaders by whistleblowers. we are entering a new spectrum with the u.s. justice department going after them. protecting you are and who you are trying to protect from taxing. with tax a little bit more leniently with you. you have anonymity. the germans are saying, no. the u.s. is going after identity, identity. that is the critical part for the u.s. authorities. invadedlion was being off taxation by u.s. citizens. this is the point. since the whistleblowers' admissions started, citizens are in swiss.have money they declared. you see the amount of money by 70%. 68 tax evaders have been charged. banks have been fined. >> what could be the penalties? >> 16 banks under investigation at the moment. no plea bargaining for them. could face
clamping down on tax evasion. toss banks are being asked voluntary have a disclosure program with the u.s. department of justice. manus cranny is here. will be the end of swiss banks? >> we have a turning point. from told thousand seven, the u.s. -- from 2007, the u.s. has pursued tax evaders by whistleblowers. we are entering a new spectrum with the u.s. justice department going after them. protecting you are and who you are trying to protect from taxing. with tax a little bit more...
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Dec 4, 2013
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you start to erase the debt and come out with a clean slate is you are going to be able to a take the tax revenue that comes into the city of detroit and put it back into the services like police, the police department like the fire department and making sure the fire rigs are working when they are called out to a fire and picking up trash and making sure the lighting grid is up and running and working streetlights in the neighborhoods in the city of detroit, so what that is going to do, when you bring down the debt and you bring it, you erase it and you start with that clean slate you will be able to infuse money back into the city of detroit, back into the services and really make detroit a better place to live and that is the bottom line in in story. >> a big day, in the life of your city, detroit. christy mcdonald, we thank you very much. >> thanks, judy. >> >> woodruff: again, the other major developments of the day. president obama touted the benefits of the affordable care act in a bid to shift the focus from problems with healthcare.gov and policy cancellations. vice president bid
you start to erase the debt and come out with a clean slate is you are going to be able to a take the tax revenue that comes into the city of detroit and put it back into the services like police, the police department like the fire department and making sure the fire rigs are working when they are called out to a fire and picking up trash and making sure the lighting grid is up and running and working streetlights in the neighborhoods in the city of detroit, so what that is going to do, when...
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Dec 8, 2013
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this is a guy that sounds like a republican on tax reform. this is a guy who sounds like a real republican, a real republican when it comes to foreign policy. do you know what we were saying back in the 1990s? you never, ever, ever go to war unless it is the absolute last option available. then when you go, colin powell always said we are going to throw everything at them. we will achieve our objective. we are going to kill the enemy. we are going to capture their leaders and then we are going to bring our chips back home to their families. that was the powell doctrine and that is a conservative doctrine. and we forgot that over the past decade. so what i say to my friends that get very angry about me continuing to talk about colin powell the good republican, the fact that he hasn't voted republican over the past two elections should tell you something. when colin powell starts voting for a nominee and ted cruz starts voting for a nominee at the same time that is when we start winning presidential elections again. as long as we keep dividing
this is a guy that sounds like a republican on tax reform. this is a guy who sounds like a real republican, a real republican when it comes to foreign policy. do you know what we were saying back in the 1990s? you never, ever, ever go to war unless it is the absolute last option available. then when you go, colin powell always said we are going to throw everything at them. we will achieve our objective. we are going to kill the enemy. we are going to capture their leaders and then we are going...
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they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the bank of england, -- not least of all for the bank of england, monetary policy. he might have something about the foreign ownership, a banner issue in london. you being tax on the sale of your ownership if you're a foreign owner. something to do with -- this is the politics of politics. going up against the opposition chancellor saying plan a worked. didn't really work or have things gotten better? they have, thankfully. there will be politics in the houses of parliament, the house of westminster behind me. for married couples. there c
they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the...
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Dec 3, 2013
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already amazon collects taxes in 16 states. there's still a lot of states out there especially in the midwest that amazon is not collecting taxes. >> which leads to this question is it possible that congress will step in and doing something? >> no one is counting on that. amazon wanted that to happen. they're like why did they want congress do this. they wanted this national e-mers tax for one specific reason. they thought it would be lower than what they would pay at the state and national level and that would keep their competitive advantage around price. they as no longer wanted to deal with this bure aboutaucracy where they had to hire a lot of people. >> how significant was the tax differential in terms of what consumers were buying? in other words as an incentive to buy was the reduction in price because of no tax significance? >> yeah let's just say new york city here. new york city your tax rate is all of your christmas shopping et cetera, that makes a difference. that's another gift. you know that's real money. >> ew t
already amazon collects taxes in 16 states. there's still a lot of states out there especially in the midwest that amazon is not collecting taxes. >> which leads to this question is it possible that congress will step in and doing something? >> no one is counting on that. amazon wanted that to happen. they're like why did they want congress do this. they wanted this national e-mers tax for one specific reason. they thought it would be lower than what they would pay at the state and...
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Dec 8, 2013
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say you had a 4-5 percent national sales tax on all goods and services and you use this money totally to pay for medicaid. now medicare is taken care of it. so you would cap all of the people not on medicaid and medicare. you would cap the rates that insurance companies could ask of them and lower the price for all of the people that are inbetweens. i wondered what you thought of that idea. >> kathy, why do you think that is a good idea? >> because i think it it would be a fair way, and it would bring the rates down, and it would be people could make the choice if they didn't want to pay a national sales tax and if they didn't want to they would not by the skis or the new dress or whatever. and it would just -- i think it would lower the rate of people between medicare/medicaid. >> thank you very much. let's see what congresswoman thinks about that idea. >> thank you. well, kathy, i really feel like the affordable care act was important because it focused beyond just medicare/medicaid. medicaid was expanded in the states where you have governors and legislative members that accepted t
say you had a 4-5 percent national sales tax on all goods and services and you use this money totally to pay for medicaid. now medicare is taken care of it. so you would cap all of the people not on medicaid and medicare. you would cap the rates that insurance companies could ask of them and lower the price for all of the people that are inbetweens. i wondered what you thought of that idea. >> kathy, why do you think that is a good idea? >> because i think it it would be a fair way,...
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Dec 3, 2013
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new government and feel the current prime minister is corrupt and does the billing of their bother taxing and they won an election two years ago and still hold a majority in parliament. the police meanwhile say they are in control of the situation despite standing down early on tuesday. >> the demonstration of peace an order we will inform that in order to reduce the tension and protest and the police, the center for peace an order has opened barriers to let protesters come in the area of the government house. we are in the process of asian with police and police maintain peace an order and forces for military do safeguard the area and ready to enforce police operations. >> reporter: that is al jazeera and let's join scott at the main protest camp in bangkok and we saw extraordinary scenes earlier outside the prime minister's office and tell us about the situation on the streets and at the protest camp there where you are. >> on the streets we were right by the headquarters for the metropolitan police in bangkok and has seen some of the worst protests and law enforcement classes over the
new government and feel the current prime minister is corrupt and does the billing of their bother taxing and they won an election two years ago and still hold a majority in parliament. the police meanwhile say they are in control of the situation despite standing down early on tuesday. >> the demonstration of peace an order we will inform that in order to reduce the tension and protest and the police, the center for peace an order has opened barriers to let protesters come in the area of...
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he said we should convert employers to tax credits. estimates of that were that there would be 11 million people who would lose health care coverage, the coverage they have, and they'd be dumped on to different kinds of health care plans. so, i have to -- and, you know, john mccain supported a health care plan that had 20 million people lose the coverage they had. so, without better alternatives. so, i think the idea that -- >> i don't -- >> no, no -- >> i know. but i'm just saying, it's a little hypocritical to hear complaints about coverage loss from someone who's authored a plan -- >> all right. thirty seconds to respond about a plan that doesn't exist. go ahead. >> it doesn't, no. but it's your plan. so, criticizing the president for a plan that would have less -- >> ok. we have your point. mr. capretta? >> she's wrong. my -- >> i'm not. >> yes, the plan i drafted, which i would love to have congress and other people consider, would not actually affect the vast majority of people in employer based coverage because it wouldn't chang
he said we should convert employers to tax credits. estimates of that were that there would be 11 million people who would lose health care coverage, the coverage they have, and they'd be dumped on to different kinds of health care plans. so, i have to -- and, you know, john mccain supported a health care plan that had 20 million people lose the coverage they had. so, without better alternatives. so, i think the idea that -- >> i don't -- >> no, no -- >> i know. but i'm just...
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and you want to take taxes and keep them as low as possible and math has to work. so the truth is if we can come back to this, the far right and the far left are delusionary. they would also get the lowest grade in math. they are delusionary and they would flunk math. [laughter] >> let's not come back to that, but let's stay with that. >> okay. [laughter] >> i do sense that there is a kind of political disconnect here. the politicians understand the need to express concern about the long-term budget. you hear about this as you grapple with the program. the national prosperity is at stake and that has to mean at the end of the day, either lower public spending or higher taxes and do we have a sense that they will chavez? >> there is no party with fiscal responsibility and there is no other party with fiscal responsibility. secondly, sadistically valid research that we conduct and others conduct show that the number two issue that americans have is escalating the deficits and debt with economy and jobs ahead of health care and climate change and other issues and way
and you want to take taxes and keep them as low as possible and math has to work. so the truth is if we can come back to this, the far right and the far left are delusionary. they would also get the lowest grade in math. they are delusionary and they would flunk math. [laughter] >> let's not come back to that, but let's stay with that. >> okay. [laughter] >> i do sense that there is a kind of political disconnect here. the politicians understand the need to express concern...
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federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple. puerto rico has an enormous number of issues to confront. and frankly, dwarfs detroit by comparison in size. you're looking at $70 billion worth of issuance that is eye bi ubiquitously held. puerto rico is a complex problem, dwarfing detroit by size and magnitude. >> lawrence, thank you for joining us this morning. >> i appreciate it. >> we'll take a short break. still to come, it is a case of unhappy meals. can the protests make a u.s. minimum wage more or less likely? [ male announcer ] how can power consumption in china, impact wool
federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple....
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the abe government unveiled the $54 billion stimulus package that's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and concerns still linger over a potential property tax system. now for some outperformers, let's take a look at the region's apple suppliers, seeing a strong boost from hopes that china mobile may reach a deal with apple to offer iphones. some phone displaymakers, cameramakers and case suppliers rebounded some 5% in today's trade. back to you, karen. >> sixuan, thank you very much update. charles has been telling us about this u.s. cash flood that you're expecting. are you saying buy u.s. assets, buy u.s. equities in 20 s14? >> things probably weaken at the moment because a lot of guys made a lot o
the abe government unveiled the $54 billion stimulus package that's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and...
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you've got to have a competitive tax cut. he got to do something about debt, something about education is all about problem-solving. no labels think that the sweet spot of i think with the american people are and what it will be in the next couple of election cycles will therefore be a place where most elected officials are going to want to be. not because it's the right thing politically but because it's the right thing for this country. >> senator bayh, you served in the senate for over a decade. how did things change while you were serving? how useful would a group like no labels have been either early in your career or at the end of your career in the senate? >> that's a good question. the senate has changed dramatically in the last 14 or 15 years and it's just a completely different universe since my father's time. one story about that and then i will answer questions or it was 1968 my father was running for his first with the -- reelection. the republican leader who at the time was in illinois a man named edward dirksen
you've got to have a competitive tax cut. he got to do something about debt, something about education is all about problem-solving. no labels think that the sweet spot of i think with the american people are and what it will be in the next couple of election cycles will therefore be a place where most elected officials are going to want to be. not because it's the right thing politically but because it's the right thing for this country. >> senator bayh, you served in the senate for over...
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Dec 10, 2013
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enterprise value, the market cap plus the debt, minus the cash, divided by the earnings before interest, taxes, depreciation, amortization of 9.8. credit suisse gives it a $25 price target. the stock still has plenty of room to run, if that's how you want to value it. meanwhile, it's trading at 19 times next year's earnings, which is well below the five and ten-year averages and not too pricey considering it should be able to grow earnings at a 40% clip next year. the bears at goldman think it's time to sell masco and swap into some nonresidential construction plays as that space starts to turn. i think they're wrong. i think they're wrong to write off masco and i agree with the bulls at credit suisse, believing this stock could have more room to run. i say stick with masco and stick with cramer. lou in oregon, lou? >> caller: boo-yah, skedaddy. >> i'm not booing, i'm louing. >> caller: hey, about six months ago, you recommended and i bought two stocks, american realty capital properties and also health care reit. i'm wondering, should i by more? >> i would. look, these are all about -- this g
enterprise value, the market cap plus the debt, minus the cash, divided by the earnings before interest, taxes, depreciation, amortization of 9.8. credit suisse gives it a $25 price target. the stock still has plenty of room to run, if that's how you want to value it. meanwhile, it's trading at 19 times next year's earnings, which is well below the five and ten-year averages and not too pricey considering it should be able to grow earnings at a 40% clip next year. the bears at goldman think...
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their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for that. but if that is the only message and we don't connect that to working-class voters -- by the way, in 1994 when we took over, we owned as a party working- class voters making like 30,000 dollars to $60,000. we dominated that area. >> your point about ronald reagan speaks to that. reagan was a child of goldwater. that is what inspired me to get politics. anti-big government, anti-communism. bad ideas, right? e fit our conservative principals to his day. it, dded something to economic determinism, optimism. we can do and be anything we want. there's a shining city out t
their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for...
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do you file separate tax returns? >> yes, they all file separate tax returns. >> are you allowed if you have the loss on your tradelogic business your small software business versus your restaurant can you write that loss off against your restauranrestauran t? >> they are all separate. >> what happened to business aggregation? >> there is a significant administrative burden. >> effectively what we are seeing is a policy to be able to force you to be able to provide that health care. has that impacted your ability to create jobs? >> yes. >> we just heard comment that there is no data and i will quote that again. there is no data that small businesses are not hiring is a result of the implementation of the presence affordable care at, no effect on job hiring. is that your experience? >> no, it is not. >> anyone else to -- was to comment? >> no, it's not. >> businesses aren't hiring because of the affordable care act? >> i believe it's draining resources from the companies that would otherwise grow the businesses. >> ver
do you file separate tax returns? >> yes, they all file separate tax returns. >> are you allowed if you have the loss on your tradelogic business your small software business versus your restaurant can you write that loss off against your restauranrestauran t? >> they are all separate. >> what happened to business aggregation? >> there is a significant administrative burden. >> effectively what we are seeing is a policy to be able to force you to be able to...
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democrats don't want to raise taxes. how are we going to find the savings? with that in mind, my best guess is that we don't have another shutdown. >> how do you avoid the shutdown? >> a continuing resolution that keeps sequestration in place. another short term. we've done it 14 times. we can fund the government through a continuing resolution. >> morris, is that the back stop there? >> yeah, i'm not for sure it's going to work this time. there is mounting pressure in the business community as my colleague knows. there is the pressure of mid term election as a lead up to the next presidential election and i would say i would read the tea leaves. the way they're getting together on the farm bill is an indication republicans want to play ball a little bit more. those are farm bills. farmers are their constituents. i think there's a con volution of things with the re-election and mid term. the presidential election is very important in this lead up, particularly since the fumble with obama care. the republicans may see an opening and may be a reason for them t
democrats don't want to raise taxes. how are we going to find the savings? with that in mind, my best guess is that we don't have another shutdown. >> how do you avoid the shutdown? >> a continuing resolution that keeps sequestration in place. another short term. we've done it 14 times. we can fund the government through a continuing resolution. >> morris, is that the back stop there? >> yeah, i'm not for sure it's going to work this time. there is mounting pressure in...
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i will postpone the tax one year for small businesses. he is postponing taxes. since i have no life i have read a obamacare. i do not see that in their where the president, we gave him the authority to postpone a tax but he does it. if he has the legal authority to do that, which i doubt, but he used that authority, what is to prevent him from just going and looking at the irs code which is a mess. i do not know any american who thinks the irs code is a good bill. but rather than fix it, we just make it bigger every year. so the president goes to the irs code and says this group of businesses, they are just having a bad year. like green businesses or we could use the energy companies on the other end. the oil and gas industry. i will postpone paying income tax for year. because i said so. dotake this group and something similar. tweak their tax rather than pay 38%. they will pay 20% for the next year. it seems to me if he has the legal authority to amend taxes which the affordable care act is a tax according to the supreme court. what is to prevent him from just
i will postpone the tax one year for small businesses. he is postponing taxes. since i have no life i have read a obamacare. i do not see that in their where the president, we gave him the authority to postpone a tax but he does it. if he has the legal authority to do that, which i doubt, but he used that authority, what is to prevent him from just going and looking at the irs code which is a mess. i do not know any american who thinks the irs code is a good bill. but rather than fix it, we...
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p on the final days of the fiscal year. >> total for the year the department spent 450,000 dollars, tax payer dollars or alcohol. where they trying to spend the money in the budget to prevent congressional cuts in the future? >> the state department, i had an opportunity to travel to many of them, there's a lot of entertaining that goes on a lot of ir responsibility. >> you are missing the point. the whole point is how can you ever cut spending if the entire ethic of government is to spend your allocation before the time runs out. >> is the government's booze budget careless spending or the cost of doing business? send us a note on foxfriendsfirst@foxnews.com. >> be have hinterested to hear people have to say. it is 18 after the top of the hour. extreme measures after one of the worst's animal attacks in the state's history. >> they are putting up all of the beautiful christmas lights in one city. now local lawmakers are playing scrooge. >> a florida woman recovering in it the hospital the morning after what is being called the most serious bear attack in the state's history. she was wa
p on the final days of the fiscal year. >> total for the year the department spent 450,000 dollars, tax payer dollars or alcohol. where they trying to spend the money in the budget to prevent congressional cuts in the future? >> the state department, i had an opportunity to travel to many of them, there's a lot of entertaining that goes on a lot of ir responsibility. >> you are missing the point. the whole point is how can you ever cut spending if the entire ethic of...
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we have got the earned income tax credit. we have got to make work pay. >> there are many of your colleagues who will say even though it doesn't sound as nice they like the earned income tax credit. it's less -- it's a different kind of potentially more precise tool. what about something like that as an answer here? >> here's the problem. what it does is force the government, force the taxpayer to pick up the cost of the businesses that don't want to pay their employees. we have small businesses that pay low wages, they are privatizing the benefits. but they are sociallizing the cost of the rest of society. a $12 an hour minimum wage would save tens of billions of dollars. >> michael? >> but you still have that group of smaller employers who are going calculate the cost of the extra hourly earnings and say i'm only going hire one and a half people i'm going to reduce to part time. i'm not going to spend more money out of my poblgtcket. and i think it does put pressure on the low end of jobs. >> final word? >> i think $12 an h
we have got the earned income tax credit. we have got to make work pay. >> there are many of your colleagues who will say even though it doesn't sound as nice they like the earned income tax credit. it's less -- it's a different kind of potentially more precise tool. what about something like that as an answer here? >> here's the problem. what it does is force the government, force the taxpayer to pick up the cost of the businesses that don't want to pay their employees. we have...
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the other side says, we need a better, more simplified tax policy. and they have a good point as well. what can you guys bring to the table that will help clarify things to end some of the gridlock that exists so badly in washington right now? >> this is a good question. the first thing you need to make a good decision is good analytics and good commentary. information to make a good decision. we hope to be able to bring really good information that's nonpartisan, reliable and authoritative to the process. that's point one. the other thing i would say is that from my perspective today, in terms of where we are with fiscal policy, both our long-term policy, which is undisciplined and has excessive spending going out forever, and our short-term policy which is tightening, are both wrong. in fact, what you want to do is precisely opposite. have a little stimulus for the economy to get it going but have long-term reform of the entitlemen entitlements, certainly for the business community they can invest and hire because our policy stance is in good shape
the other side says, we need a better, more simplified tax policy. and they have a good point as well. what can you guys bring to the table that will help clarify things to end some of the gridlock that exists so badly in washington right now? >> this is a good question. the first thing you need to make a good decision is good analytics and good commentary. information to make a good decision. we hope to be able to bring really good information that's nonpartisan, reliable and...
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Dec 3, 2013
12/13
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MSNBCW
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eye 103
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the senate side has been dead on arrival, whether it was immigration or fairness in internet sales tax. all of these measures coming over from the senate are literally wilting here, because the committee system on the house side is unwilling to take these measures up. so i think he is looking through a different lens. >> well, your colleagues on the other side of the aisle actually do have an idea that they want to put forward. and it would ease sequestration, a couple measure of the republican house caucus would like to ease sequestration by cutting social security. is that the kind of seriousness that americans are looking for out of congress, or in a way, should americans be kind of glad they're not getting a lot done because that's the kind of thing they want to do? >> well, good point. but that is -- in my view, dead on arrival, both among democrats and in the senate. to somehow say we want to ease sequestration so we can line the pockets of defense contractors and by the way we're going to do it on the backs of senior citizens in this country, is just an anathema, to me and most
the senate side has been dead on arrival, whether it was immigration or fairness in internet sales tax. all of these measures coming over from the senate are literally wilting here, because the committee system on the house side is unwilling to take these measures up. so i think he is looking through a different lens. >> well, your colleagues on the other side of the aisle actually do have an idea that they want to put forward. and it would ease sequestration, a couple measure of the...
52
52
Dec 10, 2013
12/13
by
FBC
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eye 52
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that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real estate market but also the stock market. but in real estate specifically, have you seen any signs of that at all? i mean you're able to track who your buyers are, what their interests are. you mentioned people, second, third, fourth homebuyers. but do you see any bubble at all in the market? >> no. remember when the bubble hit this country was building two million new homes a year. every blackjack dealer in las vegas was buying three houses. mortgage underwriting was way too easy. today we're at 900,000 new homes per year. we're way below the historic average of 1.5 million
that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real...
75
75
Dec 3, 2013
12/13
by
ALJAZAM
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eye 75
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he owned his home, paid his taxes and had just gotten his green card. when we spoke to him he had been in pearsall for nearly a year waiting for a final hearing. >> even prison we get contact visit. in prison you can go and have contact visit. but we only see through glass and about that thick of glass you know. and sometime me and hope she would put her hand on the glass, and i would knock so she could feel me knocking. >> just days after this conversation we heard some good news. naz was unexpectedly released and his deportation recommendation was cancelled. after hearing his story during our interview . >> and now a techknow minute...Ñ >> we have strengthened border security. beyond what many believed was possible. they wanted more agents at the border. we now have more boots on the ground at the southwest border than at any time in our history. >> in an election year, the need to ramp up border enforcement has become a mantra among republicans and democrats alike. back in the rio grande valley, the men captured by border patrol had been taken to a
he owned his home, paid his taxes and had just gotten his green card. when we spoke to him he had been in pearsall for nearly a year waiting for a final hearing. >> even prison we get contact visit. in prison you can go and have contact visit. but we only see through glass and about that thick of glass you know. and sometime me and hope she would put her hand on the glass, and i would knock so she could feel me knocking. >> just days after this conversation we heard some good news....